Oil production and Chinese buying boost Brazil’s crude tanker exports 19%
LONDON : “The reshaping of global crude tanker markets continued in 2023. In 2022, sanctions shifted Russia’s exports from Europe to Asia while OPEC production cuts in 2023 increased the Americas’ share of exports.
India, UAE sign bilateral investment pact during PM Modi’s visit
ABU DHABI : Prime Minister Shri Narendra Modi arrived here on 13th February, an official visit to the UAE. In a special and warm gesture, he was received at the airport by the President
Mundra Port, Garhi Harsaru ICD get DGFT nod for new vehicle imports
NEW DELHI : The government has added Mundra Port and Garhi Harsaru Inland Container Depot (ICD) to the list of terminals through which import of new vehicles is allowed, according to a notification. With the addition of two
Expect marginal impact of Red Sea crisis on tyre industry, says JK Tyre MD and ATMA Chairman
NEW DELHI : While numerous automakers have witnessed some increase in ocean freight costs due to the ongoing Red Sea crisis, homegrown tyre maker JK Tyre and Industries asserts that it does not foresee
India IT Ministry fears losing out to China, Vietnam in smartphone exports race
NEW DELHI : India risks losing out to China and Vietnam as it seeks to become a major smartphone export hub and must “act fast” to lure global companies with lower tariffs, the Deputy IT Minister said in government
Gujarat Engineering Exports grew by 7% in April to December period
AHMEDABAD : The engineering sector in Gujarat saw exports grow despite negative global factors such as high inflation and the Ukraine-Russia war. The Indian engineering industry registered exports worth $69 billion in April to December 2022,
Russia and Saudi Arabia pull up sagging engineering exports
NEW DELHI : Russia and Saudi Arabia are preventing a steep fall in exports of engineering goods from India. Thanks, at least partly, to these two countries, engineering goods exports this year are expected to exceed the achievement of
New overweight surcharge by shipping lines worries shippers in Cochin Port
KOCHI : The shipping fraternity in the Cochin Port is keeping their fingers crossed, over the decision of some international shipping lines, to introduce a new overweight surcharge (OWS) effective from February 7. The